Intraday Update: NGXASI Gains +0.14%, Driven by Bellwether Counters

Image Credit: InvestmentOne

December 11, 2023/InvestmentOne Update

ASI as at 12.00pm: +0.14%

Top Gainers and Losers: ETI (+9.88%), CHAMS (+9.63%), NSLTECH (-9.33%) and UPDCREIT (-8.00%).

Sector Performances: Banking (+1.52%), Industrial (+0.21%), Consumer Goods and Oil & Gas.

Market activity: In today’s trade, total volume and value declined by 31% and 21% respectively, when compared to this time last Friday, as investors have traded about 131 million units of shares worth N1.65 billion.

UNIVINSURE (+3.57%) is the most traded stock by volume with about 22 million units of shares accounting for 17% of the total volume.

ACCESSCORP (+0.25%) is the most traded stock by value worth about N382 million worth of shares accounting for 23% of the total value.

Likely close: In the absence of any significant decline in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close positive.

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